Fluor Corp New (FLR) Shareholder South Dakota Investment Council Has Decreased Position by $4.33 Million

October 13, 2018 - By Winifred Garcia

Fluor Corporation (NYSE:FLR) LogoInvestors sentiment increased to 0.91 in Q2 2018. Its up 0.04, from 0.87 in 2018Q1. It increased, as 49 investors sold FLR shares while 138 reduced holdings. 51 funds opened positions while 119 raised stakes. 115.19 million shares or 1.77% less from 117.26 million shares in 2018Q1 were reported. Oppenheimer & has 5,354 shares. Royal National Bank & Trust Of Canada invested in 0.01% or 447,719 shares. Teacher Retirement Systems Of Texas holds 0.08% or 273,837 shares in its portfolio. Pictet Asset Management has invested 0.01% in Fluor Corporation (NYSE:FLR). State Board Of Administration Of Florida Retirement System holds 196,722 shares or 0.03% of its portfolio. Lesa Sroufe & Communications owns 2.1% invested in Fluor Corporation (NYSE:FLR) for 58,476 shares. Hartford Inv Mgmt Company reported 0.04% stake. 1.06 million are owned by Ariel Invs Ltd. Arizona State Retirement Systems owns 0.02% invested in Fluor Corporation (NYSE:FLR) for 34,524 shares. Becker Capital Mgmt holds 0.39% of its portfolio in Fluor Corporation (NYSE:FLR) for 241,440 shares. Lpl Limited Liability Corporation holds 33,243 shares or 0% of its portfolio. Ameritas Inv Prtnrs owns 2,713 shares for 0.01% of their portfolio. Strs Ohio stated it has 0% of its portfolio in Fluor Corporation (NYSE:FLR). Wellington Shields Cap Mgmt Limited has invested 0.11% of its portfolio in Fluor Corporation (NYSE:FLR). Nelson Van Denburg And Campbell Wealth Group Ltd Company reported 0% in Fluor Corporation (NYSE:FLR).

Since May 8, 2018, it had 2 insider buys, and 0 sales for $2.24 million activity. Locklear Samuel J had bought 353 shares worth $17,440.

South Dakota Investment Council decreased its stake in Fluor Corp New (FLR) by 17.15% based on its latest 2018Q2 regulatory filing with the SEC. South Dakota Investment Council sold 90,270 shares as the company’s stock rose 16.55% with the market. The institutional investor held 436,138 shares of the military and government and technical company at the end of 2018Q2, valued at $21.28M, down from 526,408 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Fluor Corp New for a number of months, seems to be less bullish one the $6.57 billion market cap company. The stock increased 0.39% or $0.18 during the last trading session, reaching $46.71. About 3.62M shares traded or 181.68% up from the average. Fluor Corporation (NYSE:FLR) has risen 44.05% since October 13, 2017 and is uptrending. It has outperformed by 28.43% the S&P500.

South Dakota Investment Council, which manages about $4.58 billion US Long portfolio, upped its stake in Thor Inds Inc (NYSE:THO) by 45,700 shares to 53,400 shares, valued at $5.20 million in 2018Q2, according to the filing. It also increased its holding in Lam Research Corp (NASDAQ:LRCX) by 20,500 shares in the quarter, for a total of 29,500 shares, and has risen its stake in Southern Co (NYSE:SO).

Analysts await Fluor Corporation (NYSE:FLR) to report earnings on November, 1. They expect $0.77 EPS, up 14.93 % or $0.10 from last year’s $0.67 per share. FLR’s profit will be $108.27M for 15.17 P/E if the $0.77 EPS becomes a reality. After $0.81 actual EPS reported by Fluor Corporation for the previous quarter, Wall Street now forecasts -4.94 % negative EPS growth.

More notable recent Fluor Corporation (NYSE:FLR) news were published by: Streetinsider.com which released: “After-Hours Stock Movers 10/10: (CRSP) (NTLA) (EDIT) Higher; (ATOM) (FLR) (SQ) Lower (more…)” on October 10, 2018, also Bizjournals.com with their article: “Local atomic lab gets new management company” published on October 02, 2018, Businesswire.com published: “Fluor Joint Venture to Design and Build LNG Canada Project” on October 02, 2018. More interesting news about Fluor Corporation (NYSE:FLR) were released by: Fool.com and their article: “Why CVS Health, Fluor, and Square Slumped Today” published on October 11, 2018 as well as Streetinsider.com‘s news article titled: “Pre-Open Movers 10/11: (CGEN) (HEAR) (CRSP) Higher; (ATOM) (SHLD) (FLR) Lower (more…)” with publication date: October 11, 2018.

Fluor Corporation (NYSE:FLR) Ratings Coverage

Among 9 analysts covering Fluor Corp (NYSE:FLR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Fluor Corp had 11 analyst reports since May 4, 2018 according to SRatingsIntel. The stock of Fluor Corporation (NYSE:FLR) has “Buy” rating given on Monday, August 13 by UBS. The firm has “Outperform” rating by Credit Suisse given on Monday, May 7. Robert W. Baird downgraded Fluor Corporation (NYSE:FLR) on Friday, May 4 to “Hold” rating. On Friday, May 4 the stock rating was downgraded by Canaccord Genuity to “Hold”. The stock of Fluor Corporation (NYSE:FLR) earned “Buy” rating by Citigroup on Thursday, October 11. Vertical Research downgraded the stock to “Hold” rating in Friday, May 4 report. The firm earned “Buy” rating on Friday, May 4 by Citigroup. As per Friday, August 17, the company rating was upgraded by Canaccord Genuity. The rating was maintained by Benchmark on Friday, May 4 with “Buy”. The rating was upgraded by Bank of America to “Buy” on Wednesday, May 9.

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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